Forgital, a producer of large forged and machined components for the aerospace and other industries, will be acquired by global investment firm The Carlyle Group. The transaction values Forgital at approximately $1.1 billion and is expected to be completed in the second half of 2019. Established in 1873 with headquarters in Vicenza, Italy, Forgital is a specialist in the manufacture of machine-finished forged and laminated rolled rings made from different materials, including steel, aluminum, titanium and nickel-based alloys. In addition to aerospace applications, Forgital also serves the oil-and-gas, construction, mining and power-generation industries. The company employs over 1,100 people across nine facilities in Italy, France and the United States and through its global salesforce.
Allegheny Technologies Inc. (ATI) agreed to sell two non-core forging facilities to Wynnchurch Capital for $37 million. These facilities, located in Portland, Ind., and Lebanon, Ky., are part of ATI’s High Performance Materials & Components (HPMC) segment. They use primarily traditional forging methods to produce carbon-steel forged products for use in the oil and gas, transportation, construction and mining industries. Their capabilities include comprehensive forging processes complemented by in-house design and engineering, product machining and heat-treating services.
Meritor Inc. entered into an agreement with an affiliate of The Carlyle Group, a global investment firm, under which Meritor will acquire AxleTech for approximately $175 million. Troy, Mich.-based AxleTech designs, engineers, manufactures, sells and services drivetrain systems and components, axles and braking solutions. These capabilities will enable Meritor to offer global customers a wider array of differentiated products and solutions while further diversifying its portfolio.
JSW Steel plans invest approximately $1 billion to ramp up the production capacity at its Vijayanagar plant in Karnataka, India, to 18 million metric tons per year from the current 12 million metric tons per year. A current expansion project, which will raise production at the plant from 12 to 13 million metric tons per year, includes the revamp and capacity upgrade of blast furnace-3 to improve hot metal availability. The company will also modify and enhance the capacity of its melt shop, its flat and long products mills and allied facilities to utilize the additional hot metal output. This project will be complete by March 2020.
ArcelorMittal received European Commission (EC) approval for the sale of several steelmaking assets to Liberty House Group. Assets included within the divestment package are ArcelorMittal Ostrava (Czech Republic), ArcelorMittal Galati (Romania), ArcelorMittal Skopje (Macedonia), ArcelorMittal Piombino (Italy), ArcelorMittal Dudelange (Luxembourg) and several finishing lines at ArcelorMittal Liège (Belgium). According to Liberty House, the acquisition will make the company Europe’s third-largest steel producer. The transaction is expected to close by the end of the first half of 2019.
Big River Steel (BRS) commissioned SMS group with the expansion of its steel plant in Osceola, Ark. SMS group will supply BRS with mechanical equipment and electrical and automation systems. The expansion will increase the plant’s annual output to approximately 3 million tons of steel. After completion, the facility will have two electric-arc furnaces (EAFs) and two twin-ladle furnaces. Installation of an additional gas cleaning system will ensure compliance with environmental regulations.
FIA will hold its biennial Forge Fair May 21-23 at Cleveland’s Huntington Convention Center. This article, geared to the less experienced tradeshow attendee, will give you tips on how to make the most of your time on the exhibit floor and in the technical sessions.
One of the forging industry’s biggest challenges is finding ways to increase die life, a parameter that is fundamental to efficiency and profitability. One way to achieve this is through the process called flood welding, a high-speed, high-deposition weld-metal recovery of a worn forging-die cavity.